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Christina Ramroop drives bold local content action at Stena Drilling

Shikema Dey -
Christina Ramroop serves as Stena Drilling’s Administration and Local Content Officer in Guyana. Her role allows her to develop professionally while making a meaningful impact. “Stena is an equal opportunity employer, and it gives me the free will to…grow into...
News

Guyanese logistics companies teaming up to develop modern port

OilNOW -
Muneshwers Ltd. and John Fernandes Ltd. are working through their joint venture, Cranes Guyana Inc., to bring a modern port to the South American nation’s coast.  The two leading shipping and logistics companies are setting the stage for what could...
News

Noble Discoverer rig to stay offshore Colombia under extended Petrobras contract

OilNOW -
Noble Corporation has secured a 390-day contract extension from Petrobras Colombia for its Noble Discoverer semi-submersible rig. In an April 10 LinkedIn post, Noble said the extension pushes operations through to around August 14, 2026. Exxon Guyana drilling operations providing exciting...
News

Inspired by Suriname, Guyana considers bonds for local energy participation

Shikema Dey -
Guyana is weighing the use of bonds as a financing tool to deepen local participation in its growing oil and gas sector. This is according to Vice President Bharrat Jagdeo during his weekly press briefing on April 10.  The...
News

MODEC seeks laboratory partner for potable water testing in Guyana

OilNOW -
MODEC is inviting expressions of interest (EOI) for laboratory testing of potable water samples from its offshore fleet in Guyana. The company requires physical, chemical, and microbiological analyses. Testing must align with standards set by Guyana Water Incorporated (GWI). Eight Guyanese...
Exploration

ExxonMobil to appraise 2022 Barreleye discovery 

OilNOW -
ExxonMobil is engaged in appraisal drilling operations at the Barreleye-2 well of the Stabroek Block.  The operation started on April 6, using the Stena Carron rig, and will conclude by July 31, Guyana’s Maritime Administration Department (MARAD) said in a...
News

Bharrat: Local Content law not a shield for mediocrity or overpricing

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, has warned that the country’s Local Content law must not be misused by local companies as a cover for poor standards or inflated costs.  “The local content legislation, by no means, is protection...
News

Local Content value to surpass US$847M in 2025 — Pertab

OilNOW -
The Local Content Secretariat expects the value of local content in Guyana's oil and gas sector to exceed US$847 million in 2025. This marks an increase of nearly US$104 million over 2024. Director of the Secretariat, Dr. Martin Pertab, said...
News

Hess to return 94% of net undeveloped acreage to Guyana and Suriname by 2028

OilNOW -
According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the next three years.  In Guyana, Hess has a 30% stake in the 6.6-million-acre Stabroek Block. A...
News

Stabroek Block delivered 8 successful wells in 2024 – Hess

OilNOW -
ExxonMobil drilled eight successful exploration and appraisal wells in the Stabroek Block last year, according to Hess’s latest annual report.  All eight wells “encountered hydrocarbons”, Hess said. There was “one unsuccessful exploration well for which the well costs were expensed.”  This...
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Latest News

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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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